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The NBA has made a decision to ban Los Angeles Clippers Owner Donald Sterling from the league for life and fine him $2.5 million—the maximum amount allowed by the league. Sterling is barred from any contact with his team or the NBA.

Today the Supreme Court will consider a new question surrounding search and seizure as it relates to that most modern and most ubiquitous of devices: The smartphone. At issue is whether police need a warrant before searching the mobile device of a person under arrest.

Bank of America has announced a pretty major accounting error. The bank said it would suspend plans to buy back $4 billion in stock and pay its dividends after discovering an error in the information it submitted to the Federal Reserve as part of the stress test process.

On Monday, President Obama announced new sanctions against Russian politicians and companies close to President Vladimir Putin. But if Putin has the Russian people in his pocket, he may not need the rich as badly as the West thinks.

As the pressure continues to mount on the NBA, and as the Clippers lose more sponsorship deals, Sterling might find himself in the position of having to sell the team—a punishment that would earn him a huge profit.

Also on Today's Show: If all goes according to plan, a 32,000-ton arch built to contain remaining radioactive dust at the Chernobyl reactor will be completed...More than three decades after the Three Mile Island nuclear meltdown, is the country’s nuclear technology any safer?